We work with high net worth clients. We act for individuals, families, professionals, business owners, retirees and pre-retirees, and companies engaged in the agriculture and fishing industries, among others.

Investable asset size is just one of several factors involved when we enter into a new relationship. Accordingly, we welcome the opportunity to talk with young professionals with whom we can build a robust client partnership offering long-term wealth building opportunity and significant potential asset growth.

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Aging muscles: a scientific approach to exercise

The Ritcey Report

January 18, 2018

Part 1 – Diagnosis

Most of us adopt an intelligent approach to exercise. We engage in it, recognizing the impact fitness has on our overall health. We go to the gym and play sports. But do we really understand the science of aging muscles?

Recently, an article in The New York Times (Gretchen Reynolds1, March 23, 2017: The best exercise for aging muscles) came to my attention and it throws some fascinating new light on an issue I would guess is misunderstood by most of us.

Mitochondria and cell metabolism

Writes Ms. Reynolds: ‘The toll that aging takes on a body extends all the way down to the cellular level. But the damage accrued by cells in older muscles is especially severe, because they do not regenerate easily and they become weaker as their mitochondria, which produce energy, diminish in vigor and number.’

The Mayo Clinic recently performed a research exercise on the cells of 72 healthy but sedentary men and women who were younger or older than 64. Baseline measures were established covering their aerobic fitness, blood-sugar levels and the mitochondrial health in their muscle cells. Then they were assigned to a variable exercise regime.

The exercise regime

  1. One segment performed vigorous weight training several times a week.
  2. Another segment did brief interval training three times a week on stationary bicycles, pedaling hard for four minutes, resting for three and then repeating that sequence three more times.
  3. A third segment rode stationary bikes at a moderate pace for 30 minutes a few times a week and lifted weights lightly on other days.
  4. A fourth segment, the control, did not exercise.

Results: it’s all about interval training and intensity 2

  1. Everyone who exercised became fitter. No surprise here. Those exercising with weights gained muscle mass. Those who engaged in interval training gained endurance. Hardly surprising, on either count.
  2. Then the researchers biopsied the muscle cells. Among the younger subjects who went through interval training, the activity levels had changed in 274 genes, compared with 170 genes for those who exercised more moderately and 74 for the weight lifters.
  3. Among the older group engaged in interval training, almost 400 genes were working differently now, compared with 33 for the weight lifters and only 19 for the moderate exercisers.


Interval training influences the ability of mitochondria to produce energy for muscle cells.

Those who did the interval workouts showed increases in the number and health of their mitochondria — an impact that was particularly pronounced among the older cyclists.

Decline in the cellular health of muscles associated with aging was ‘corrected’ with exercise, especially if it was intense.

Older people’s cells responded in some ways more robustly to intense exercise than the cells of the young did.

It is never too late – you can never be too old, in other words – to benefit from exercise, the more intense the better.

Tune in to my follow-up blog, which describes a specific exercise routine for aging muscles, to be posted soon.

Dave Ritcey, The Ritcey Team, Scotia Wealth Management

1 https://www.nytimes.com/2017/03/23/well/move/the-best-exercise-for-aging-muscles.html
2 https://www.menshealth.com/fitness/best-exercise-for-aging-muscles

2018 gets off to a strong start as fundamentals remain solid

Here's what we're thinking

January 16, 2018

Global markets have started 2018 in solid fashion with healthy performances across equities (S&P500 +3.1%; S&P/TSX +0.9%), commodities (WTI crude oil +4.1%, gold +0.9%) and currencies (CAD +1.0%) in the first week of trading. Bond yields are also on the march higher year-to-date with U.S. and Canada 10-year federal government bond yields up by 15bp to 2.54% and 2.19%, respectively. These early gains can be attributed to, among other things, ongoing solid economic growth data and the recently approved U.S. tax cut package in late December, which boosts the corporate profit outlook, in our view.

Read more…

Daily Research

Scotia Wealth Management Portfolio Advisory Group

Your team

Discover the basic principles that we follow

The Ritcey Team – supported by our Wealth Specialists who offer financial, tax, insurance, estate planning and private banking services – our team consists of two dedicated wealth management professionals who have worked together as partners for almost 20 years, David Ritcey and Kate Whynot.

David J. Ritcey

Portfolio Manager

After completing Bachelor of Science and Bachelor of Business Administration degrees from Acadia University, Dave has been with Scotia Wealth Management for the past 25 years. As a licensed Portfolio Manager, Dave has the discretion to make investment decisions on a client’s behalf should a client desire to fully delegate day-to-day portfolio management. He is one of very few Scotia Wealth Management advisors across Canada to have this capability. Read More…

(902) 678-0048 ·   Email David · Connect on LinkedIn

Kate Whynot

Senior Associate

After graduating from Acadia University with a Diploma in Business Administration, Kate began her career at Scotia Wealth Management in May of 1998. She joined The Ritcey Team in July of 1998 and brings with her a broad knowledge of investments and superior skills in servicing clients. Kate handles all administrative issues and assists in the maintenance, and review of client portfolios. Read More…

(902) 678-3285 ·   Email Kate · Connect on LinkedIn

Team of specialists

What we do

We are strategic wealth managers

We offer our clients a uniquely personal wealth building experience based on direct contact with an accessible, competent, and motivated team.Below is a summary of just a few of the services we offer through Scotia Wealth Management.

Wealth management

Wealth ManagementPortfolio development and investment management are crucial elements in wealth building. But they only represent part of the story. We are strategic wealth managers. This means that we consider the total implications of wealth building, from financial and tax strategy, to insurance, estate planning, legacy creation, wealth transfer and more. All are ultimately connected. We can help you see the total picture.

Tax planning*

Tax planningYou worked hard to earn your money and you want to see as much of it as possible work for you. Building and protecting your wealth requires a careful look at your overall financial situation, particularly your own personal circumstances and the tax implications of your investments. By structuring the right mix of investments you can pay less tax and ensure you are receiving optimal risk-adjusted returns. Let us advise you.

Retirement planning

Retirement planningFor some people, retirement means having the financial flexibility to change your daily routine without worrying about your finances. For others, it means sitting back and doing all the things you have wanted to do but never had the time to do. Starting today, we will help ensure that you reach your retirement goals and objectives, based on careful planning and the best possible counsel and advice. Let us help you get going.

Estate planning

Estate planningEstate planning is about life – in the present and in the future. Most importantly, estate planning is about the life of your family, your loved ones and the peace of mind you get from helping to provide for their financial security. Whether your estate is large or of modest value, your estate plan should be part of your total financial strategy and based on solid financial planning principles. We’re here to help. Estate planning is offered through Scotiatrust.

Contact us

How to get in touch with our team

1 Webster Street, Kentville, Nova Scotia, B4N 1H4, Canada

David J. Ritcey · (902) 678-0048 · Email David
Kate Whynot · (902) 678-3285 · Email Kate